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Life Insurance Corporation hikes stake in Coforge

18 Jan 2023 Evaluate

Life Insurance Corporation of India has increased its shareholding in Coforge. The corporation’s shareholding in ‘Coforge’ has increased from 30,38,803 to 30,73,908 Equity Shares increasing its shareholding from 4.976% to 5.033% of the paid-up capital of the said Company. The corporation’s holding in the company crossed 5% on January 16, 2023 and acquisition of shares done at an average cost of Rs 3901.28.

Life Insurance Corporation of India, popularly known as LIC is Indian state-owned insurance group and investment company.

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